Shuttered Massachusetts coal plant to be transformed into renewable energy manufacturing center

SourceThe Hill
Date Published02/17/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Prysmian Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:Italy
City reshored to:Somerset
State(s) reshored to:MA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Machinery
Product(s) reshoredcables for offshore wind energy
What domestic positive factors made reshoring more attractive?Infrastructure, Raw Materials Cost, Under-utilized capacity
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